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  5. Fobi AI Acquires PassWallet

M&A Deal Summary

Fobi AI Acquires PassWallet

On October 7, 2021, Fobi AI acquired internet software and services company PassWallet for 880K USD

Acquisition Highlights
  • This is Fobi AI’s 2nd transaction in the Internet Software and Services sector.
  • This is Fobi AI’s largest (disclosed) transaction.
  • This is Fobi AI’s 2nd transaction in Germany.

M&A Deal Summary
Date 2021-10-07
Target PassWallet
Sector Internet Software and Services
Buyer(s) Fobi AI
Deal Type Add-on Acquisition
Deal Value 880K USD

Target

PassWallet

Munich, Germany
PassWallet is an app specializing in enabling Android users to store, organize and update Wallet passes, in the most simple and intuitive way. PassWallet can service all type of passes imaginable: boarding passes, transport cards, passes to the movies, theatres, concerts, museums, festivals, theme parks or stadiums, loyalty cards, vouchers and discount coupons in many stores, hotels and car reservations and more. PassWallet is based in Munich, Germany.

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Buyer(S) 1

Buyer

Fobi AI

Vancouver, British Columbia, Canada
Category Company
Founded 2018
Sector Information Technology
Revenue 2M CAD (2023)
DESCRIPTION

Fobi AI a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space. Fobi AI was founded in 2018 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 2 of 2
Year: 2021 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Passcreator

Munich, Germany

Passcreator is a German wallet pass software company that offers clients software as a service solution for mobile marketing. Compatible with wallet apps on both iOS and Android, Passcreator seamlessly integrates with existing marketing platforms, as well as supports the creation of new ones. Passcreator was founded in 2012 and is based in Munich, Germany.

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